Acceptance to an offer must be done expressly by stating your acceptance to the offer. Question 1 options: True False Quasi contract is recognized as occurring under order of a court due to concerns of unjust enrichment. Question 2 options: True False A preexisting duty to do something may be sufficient consideration for a contract to exist. Question 3 options: True False Contracts of adhesion, where a consumer has no ability to negotiate, is an unconscionable contract. Question 4 options: True False An exculpatory contract that releases the other from liability is always illegal. Question 5 options: True False A person who has injested drugs or alcohol will automatically have the choice to make void any contract entered into while under the influence. Question 6 options: True False Consideration could be a party's willingness to refrain from doing an illegal act. Question 7 options: True False Internet service providers are protected from liability (contractual or otherwise) for any and all content transmitted over their networks. Question 8 options: True False There is no single definition of what constitutes an unconscionable contract which courts will refuse to enforce. Question 9 options: True False A contract entered with a minor is a void contract. Question 10 options: True False Handwritten words are given less importance by the court than preprinted words on a written contract. Question 11 options: True False In order to agree to an offer, the offeree must know of the offer. Question 12 options: True False An advertisement is an offer for a sale of an item by express contract. Question 13 options: True False Any modifications to the offer by the offeree, modifies the offer and makes it a counter offer. Question 14 options: True False Uniform Commercial Code covers contracts relevant to sale or lease of goods. Question 15 options: True False A prenuptial contract must be in writing. Question 16 options: True False Some offers will never expire unless expressly withdrawn by the offeror. Question 17 options: True False The Statute of Frauds covers contracts that require performance within 6 months or longer of execution. Question 18 options: True A guaranty type contract, where a 3rd party guarantees the payment for another, must be in writing. Question 19 options: True False Consideration has to be a negotiated benefit or detriment to both Parties to be valid support of the contract. Question 20 options: True False The duty of restoration is to protect adults that enter into contracts with children. Question 21 options: True False Minors are liable on certain contracts that are seen as necessaries of life...ie a contract for health insurance. Question 22 options: True False Consideration requires a bargained for exchange of value from both parties. Question 23 options: True False There does not need to be any exchange of words for there to be an implied contract. Question 24 options: True False When an illegal contract is executed upon, the court normally will leave the parties where it finds them even if partial performance has occurred. Question 25 options: True False
Acceptance to an offer must be done expressly by stating your acceptance to the offer.
Question 1 options:
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True |
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False |
Quasi contract is recognized as occurring under order of a court due to concerns of unjust enrichment.
Question 2 options:
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True |
|
|
False |
A preexisting duty to do something may be sufficient consideration for a contract to exist.
Question 3 options:
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True |
|
|
False |
Contracts of adhesion, where a consumer has no ability to negotiate, is an unconscionable contract.
Question 4 options:
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True |
|
|
False |
An exculpatory contract that releases the other from liability is always illegal.
Question 5 options:
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True |
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|
False |
A person who has injested drugs or alcohol will automatically have the choice to make void any contract entered into while under the influence.
Question 6 options:
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True |
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False |
Consideration could be a party's willingness to refrain from doing an illegal act.
Question 7 options:
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True |
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|
False |
Internet service providers are protected from liability (contractual or otherwise) for any and all content transmitted over their networks.
Question 8 options:
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True |
|
|
False |
There is no single definition of what constitutes an unconscionable contract which courts will refuse to enforce.
Question 9 options:
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True |
|
|
False |
A contract entered with a minor is a void contract.
Question 10 options:
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True |
|
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False |
Handwritten words are given less importance by the court than preprinted words on a written contract.
Question 11 options:
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True |
|
|
False |
In order to agree to an offer, the offeree must know of the offer.
Question 12 options:
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True |
|
|
False |
An advertisement is an offer for a sale of an item by express contract.
Question 13 options:
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True |
|
|
False |
Any modifications to the offer by the offeree, modifies the offer and makes it a counter offer.
Question 14 options:
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True |
|
|
False |
Uniform Commercial Code covers contracts relevant to sale or lease of goods.
Question 15 options:
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True |
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False |
A prenuptial contract must be in writing.
Question 16 options:
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True |
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False |
Some offers will never expire unless expressly withdrawn by the offeror.
Question 17 options:
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True |
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False |
The Statute of Frauds covers contracts that require performance within 6 months or longer of execution.
Question 18 options:
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True |
A guaranty type contract, where a 3rd party guarantees the payment for another, must be in writing.
Question 19 options:
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True |
|
|
False |
Consideration has to be a negotiated benefit or detriment to both Parties to be valid support of the contract.
Question 20 options:
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True |
|
|
False |
The duty of restoration is to protect adults that enter into contracts with children.
Question 21 options:
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True |
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|
False |
Minors are liable on certain contracts that are seen as necessaries of life...ie a contract for health insurance.
Question 22 options:
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True |
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False |
Consideration requires a bargained for exchange of value from both parties.
Question 23 options:
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True |
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|
False |
There does not need to be any exchange of words for there to be an implied contract.
Question 24 options:
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True |
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|
False |
When an illegal contract is executed upon, the court normally will leave the parties where it finds them even if partial performance has occurred.
Question 25 options:
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True |
|
|
False |
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